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Author Question: The Reagan tax cut of 1981 was an attempt to: a. stimulate aggregate supply. b. stimulate aggregate ... (Read 102 times)

futuristic

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on: Jun 30, 2018
The Reagan tax cut of 1981 was an attempt to:
 a. stimulate aggregate supply.
 b. stimulate aggregate demand.
 c. stabilize the value of the U.S. dollar.
  d. increase demand for U.S. exports.
 e. reduce the federal budget deficit.

Question 2

What are the characteristics of monopolistic competition?


stanleka1

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a

Answer to Question 2

Monopolistic competition is characterized by a large number of sellers selling a differentiated product. There are relatively weak barriers to entry and firms compete aggressively on a nonprice basis.


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futuristic

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Reply #2 on: Jun 30, 2018
Thank you :)


stanleka1

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Reply #3 on: Jun 30, 2018
Happy to help you


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